Statutes, codes, and regulations
Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-073 - ALABAMA PROCEDURE FOR PERMITTING SAME MINIMUM NONFORFEITURE STANDARDS FOR MEN AND WOMEN INSURED UNDER 1980 CSO AND 1980 CET MORTALITY
Section 482-1-073-.03 - Definitions

Ala. Admin. Code r. 482-1-073-.03

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Current through Register Vol. 43, No. 1, October 31, 2024
Section 482-1-073-.03 - Definitions
(1) 1980 CSO Table, with or without Ten-Year Select Mortality Factors. The mortality table, consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten-Year Select Mortality Factors.
(2) 1980 CSO TABLE (M), WITH OR WITHOUT TEN-YEAR SELECT MORTALITY FACTORS. The mortality table consisting of the rates of mortality for male lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.
(3) 1980 CSO TABLE (F), with or WITHOUT TEN-YEAR SELECT MORTALITY FACTORS. The mortality table consisting of the rates of mortality for female lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.
(4) 1980 CET TABLE. The mortality table consisting of separate rates of mortality for male and female lives, developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance, incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance, and referred to in those models as the Commissioners 1980 Extended Term Insurance Table.
(5) 1980 CET TABLE (M). The mortality table consisting of the rates for mortality for male lives from the 1980 CET Table.
(6) 1980 CET TABLE (F). The mortality table consisting of the rates for mortality for female lives from the 1980 CET Table.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-073-.03

New: October 17, 1984; effective November 15, 1984. Filed for codification in the Alabama Administrative Code by the Department of Insurance on December 16, 2003, pursuant to the Code of Ala. 1975, § 27-7-43.

Statutory Authority: Code of Alabama 1975, § 27-2-17